No matter where in SA you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in GLENELG SOUTH , 5045 is $1,105,000 this month which means that a mortgage for 80% of that value would be $884,000.
Between 2005 and 2011 the population of GLENELG SOUTH, 5045 grew an average of 29.40 people each year. This figure of 447.80% per annum means GLENELG SOUTH is one of the more rapidly growing suburbs in SA.
GLENELG SOUTH 5045 homeowners are paying around 33.31% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of SA which is 43.56%.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, GLENELG SOUTH SA would be 2687th with 33.47.